Letitia James can target any Donald Trump assets ‘around the world’: lawyer
Letitia James can target any Donald Trump assets ‘around the world’: lawyer

New York Attorney General Letitia James could target any of former President Donald Trump’s assets “around the world” to pay the $454 million judgment he owes, attorney Renee Zaitsev said Saturday.

In February, Judge Arthur Engoron ordered Trump to pay $355 million plus interest and banned him from doing business in New York for three years after finding him liable for financial fraud in September 2023 in a lawsuit filed by James’ office . Trump, the presumptive Republican presidential nominee in the 2024 election, maintains that he has done nothing wrong and that the case against him is politically motivated. He is appealing Engoron’s sentence.

Meanwhile, the former president has until Monday to offer a $454 million bond to prevent James from seizing his assets to pay Engoron’s judgment.

MSNBC’s Katie Pang asked Zaitsev The Katie Pang Show on Saturday about what James might do if Trump can’t come up with the bond.

“New York is a very creditor-friendly state. We take creditors’ rights seriously here, and our law has many opportunities for creditors to enforce their decisions. Even before we get to his assets, she could very, very easily go ahead and freeze his bank accounts,” said Zaitsev, a New York-based corporate attorney.

She continued: “And all she has to do about that is serve injunctions on the banks where he holds accounts and then she can have a sheriff enforce those accounts or she can start bankruptcy proceedings, ordering directly to the banks to reverse the assets in these accounts.”

Former President Donald Trump speaks at Mar-a-Lago on March 5 in Palm Beach, Florida. New York Attorney General Letitia James speaks during a press conference on February 16 in New York City. James can target…

Joe Riddle/Michael M. Santiago/Getty Images

Zaitsev explained that James can seize Trump’s buildings, belongings, even intellectual property from anywhere in the world.

“Speaking of turnover procedures, she’s actually doing that for every asset that Trump owns, no matter where it’s located — across the country, around the world,” the lawyer said. “This includes things like stock he owns, LLC member interests, intellectual property, cars, airplanes, jewelry, furniture, personal property. She can seek an order directing Trump to turn over those assets to her and then have those assets auctioned off.”

Newsweek reached out to Trump’s campaign and attorney, as well as Zaitsev, by email for comment.

In addition to Trump’s properties in New York, the former president has his Mar-a-Lago resort in Palm Beach, Florida, and a luxury hotel in Las Vegas. He also has numerous golf courses in the United States and even two in Scotland – Aberdeen and Turnbury – and one in Dunbeg, Ireland.

Although Trump’s legal team wrote in a court filing last Monday that it was a “practical impossibility” to come up with the verdict by Monday, the former president said Friday on his social media platform Truth Social that he has almost $500 million in cash.

“Through hard work, talent and luck, I currently have almost five hundred million dollars in cash, a significant amount of which I intended to use in my campaign for president,” Trump wrote.

The former president claimed that this number was known to James and Engoron and played a factor in the decision.

“The oft-removed political hack judge in the rigged and corrupt AG case where I did nothing wrong knew this, wanted to take it away from me and that’s where and why he came up with the shocking figure which, coupled with his crazy demand for interest , is approximately $454,000,000,” he added.

Meanwhile, James is already preparing to seize Trump’s assets. The attorney general filed the $454 million judgment in Westchester County on March 6, according to an online Westchester County database.

The move makes it easier for James to potentially seize the former president’s assets in suburban New York. The former president owns the 140-acre Trump National Golf Club Westchester and the Seven Springs estate in the county.

In addition, Trump’s two grown sons, Donald Jr. and Eric, and two Trump Organization company executives, Alan Weiselberg and Jeff McConney, were also named in the lawsuit against James and face their own penalties.